Wellington Management Group LLP Takes Position in ICL Group Ltd (NYSE:ICL)

Wellington Management Group LLP acquired a new position in shares of ICL Group Ltd (NYSE:ICL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 635,609 shares of the basic materials company's stock, valued at approximately $3,140,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,910 shares in the last quarter. GeoWealth Management LLC raised its holdings in ICL Group by 754.0% in the 4th quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock valued at $37,000 after buying an additional 6,575 shares during the last quarter. Savant Capital LLC acquired a new stake in ICL Group during the 4th quarter worth approximately $54,000. Wealthstream Advisors Inc. bought a new stake in ICL Group during the 4th quarter worth approximately $57,000. Finally, Seven Mile Advisory acquired a new position in ICL Group in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Ratings Changes

ICL has been the topic of a number of recent research reports. Wall Street Zen lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Barclays raised their target price on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets upped their price target on ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, February 27th.

ICL Group Trading Down 0.9%

ICL stock traded down $0.06 during midday trading on Friday, hitting $6.66. The stock had a trading volume of 855,620 shares, compared to its average volume of 827,653. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.75 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 7.10 and a beta of 1.13. The business has a fifty day moving average price of $6.47 and a two-hundred day moving average price of $5.87. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $7.04.

ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, sell-side analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.0426 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. ICL Group's dividend payout ratio is presently 51.61%.

ICL Group Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.